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Business, 26.11.2019 22:31 karaisabelhill

Tara and robert formed the tr partnership four years ago. because they decided the company needed some expertise in multimedia presentations, they offered katie a 1/3 interest in partnership capital if she would come to work for the partnership. on july 1 of the current year, the unrestricted partnership interest (fair market value of $25,000) was transferred to katie. how should katie treat the receipt of the partnership interest in the current year?

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